"Knowledge without discipline is dangerous,discipline without knowledge has little value"
1) We are here to help out any I3 members of their stock TA. If you need help on any stock chart just address us as “Dear TCB..”
2) We encourage traders to buy stocks with a trading plan. Before you buy please have a Stop Loss in case the stocks go against you.
3) We encourage traders to cultivate a winning habit, that is to lock in profits often when the opportunity arises. Be focused. We are here with one purpose only, that is to make money, never let a winning trade become a losing trade.
4) We encourage traders to set a Trailing Stop to protect their profits when riding on a winning trade.
5) We encourage other traders that have TA knowledge to participate and help out others on TA. In this way we all can learn together.
6) We will never recommend any stock in this thread as Buying and Selling is solely your own decision and your own risk.
7) We may post the stocks that we are interested in, together with a TA reading on it for the purpose of sharing. These TA readings are to cultivate habits of 'Discipline' and 'Plan' before trading .
May i know that during stage 3 of cycle, issit can go back to stage 2 if price break above 0.755 is taken off to trend reversal??
Posted by stay_foolish > Aug 4, 2014 10:58 PM | Report Abuse
Azrb
Weekly Chart- Stage 3 of Market Cycle- Distribution which the price can be volatile. In Medium Term, it is expected to trade btw $0.68 and $0.82. Need to break the very Strong Resistance at $0.865 to Trend Reversal
Daily Chart- A Break Away Gap happened on 24/07. The gap has been filled due to Profit Taking and may find immediate support at $0.71. Strong Support at $0.68. In short term, it is expected to trade between $0.71 and $0.755. A break above $0.755 may test its immediate target at $0.795 /$0.835.
Inwest88 - listened to your advice and luckily cleared Jag at 43.5 for a 1 cent gain. Too many sellers to absorb. Transacted a quick trade on Smrt. In at 83 and out at 87. This stock is trending up very nicely. Intend to re-enter on pullback. Wanted to enter Ijacobs at 61 but hesitated. The high for this stock is 1.10 on it's first day of listing! Dolomite only 43 today. Picked up yesterday. Hope it will not drop further.
Dino Limo - "Frontkn-wa's expiry date" Warrants have an expiry date and therefore a limited life. As time passes, the time value of a warrant decreases and eventually reaches zero when the warrant expires. And some of the warrant can be convert to mother share on their expiry date. Does it help?
winwinborn - "Stage 3 to Stage 2" Yes..stage 3 can go back to stage 2.
lottolearn - SKPETRO Stage 3. Have a support level of 4.19 and 4.25. Resistance level of 4.35 and 4.41. Stop-loss at 4.18. We do not recommend buy or sell. Trade according to your plan, and weigh your risk and reward.
Posted by lottolearn > Aug 5, 2014 07:26 AM | Report Abuse Dear TCB, Can advise SKPetro? Go up and come down fast, shall i sell?My cost is $4.40. Thanks
sunflower22-Amprop Poised for a further progress with a doji formed today. Amprop a good fundamental stk are likely test above the band Bollinger in the near term as readings from daily oscillators are in a positive region. A decisive break above the band with volume at 1.28 will spur prices higher towards 1.33 and 1.38 level. Immediate supports can be found at 1.25 and 1.21. A stop loss if 1.18 is violated. Happy trading.
tsy88-Instaco Bro tsy, congrat you've done a good trade on smrt and JAG. Instaco spike on the 4th and today can see many locking in their profits.However the stk is still uptrending according to daily chart. Resistance can be found at 0.245,0.25 and 0.255.Supports are at 0.24 and 0.235. A stop loss if 0.225 is triggered. Happy trading.
Trading in a descending triangle. Immediate resistance = 0.405. A break in this resistance with volume could signal a price reversal if it can be sustained above this price level. Has found a support base at 0.38/0.385. If penetrated could see it trend towards 0.34. You may want to set a stop loss at 0.37 if you intend to bottom fish. There is accumulation taking place with this stock.
Siong-KGB In positive view on ACE market, KGB share prices also show signs of resuming its long-term uptrend, substantiated with healthy volume today and as one of the top volume gainer its trading at a bullish region. Coupled with positive reading from all oscillators, suggest that share prices are expected to move higher towards 0.46, 0.47 and 0.49.Breaching below the critical support near 0.41 level it will drive share prices lower towards 0.395. A stop loss below once 0.39 is triggered. Happy trading. ( posted yesterday )
KGB had a bullish gap up on the 4th Aug and today it try to breach the 0.46 level in the morning but due to profit taking it had a pullback. Supports can be found at 0.44 and 0.43.Watch for volume and price movement if you have not sold your position as it tested its strong resistance of 0.46. Happy trading.
Broke out on 1/8 with volume. Although it came under profit taking activities, the selling pressure appears well absorbed thus far. The break out filled the gap resistance of 1.05/1.16 temporarily. For the break out and price reversal to be valid, it needs to sustain its price above 1.16 and test the next resistance at 1.22. Immediate support rest at 1.10 with strong support at 1.04.
林俊松-PUC PUC is at bullish stage, trading above the band with top volume gainer for today. All oscillators are in the positive region, suggesting that share prices are expected to move higher and if it manage to break 0.24 level with volume could bring PUC to scale higher to 0.26 and 0.28.Immediate supports can be found at 0.22 and 0.205. A stop loss if 0.205 is violated with volume. Happy trading.
Looking bullish after the break out from its rectangle trading pattern. Support is at 2.25, The break out appears to be holding well on 5/8. If it remains above 2.25 over the next 2 trading sessions with volume, then it confirms the validity of the price reversal and it should be testing to break the next resistance at 2.42.
For the time being, it is intact. Conservatively, I prefer to monitor the next 2-3 trading session for confirmation in case it is a false breakout. Do keep in mind your stop loss price. Sorry, it does not appear to be an ascending triangle.
Broke out from its rectangle trading on 5/8 with volume when it penetrated its resistance line at 0.085 which is now its support level. Resistance 1 (R1) = 0.135 and R2 = 0.17. It needs to stay above 0.085 over the next 2-3 trading session with volume to confirm that the break out is valid. It has a support base at 0.07.
Bones' latest write-up is on Kpscb. Among its peers in the paper industry, this stock appears to be the cheapest and undervalued! Went up slightly yesterday and closed at 59, it's highest for day. Bones' short term Tp is 80 and longer term is 1.00. I like this counter and may enter if opening price does not gap up a lot.
Tsy88 - good morning. Congrats on your gains on SMRT. I also did a quick trade on Ijacobs (5th round) with a 2 sen gain. Still holding some old stock. Looking at KPSCB And Complete but since bones has written on the former no point chasing if, like you say, there is a gap up. Happy trading
Weekly Chart- Stage 3 of Market Cycle- Distribution which the price can be volatile. Acceptable Bearish Engulfing pattern formed on 23/08 which indicate the Price Reversal. Now it is expected to trade between $1.38 and $1.63.
Daily Chart- It is under healthy consolidation with reduce volume. May find $1.50 as new bottom now. A break below $1.50 may find strong support at $1.47. A break above $1.55 may test $1.63/$1.66.
Weekly Chart- Stage 4 of the Market Cycle which is very Bearish. It is trading inside a Downward Channel. A break above $2.29 may break the Downward Channel and show Trend Reversal. But the problem is there are too many overhangs to clear.
Daily Chart- It is trading inside a Downward Channel. A Doji formed on 16/7 and show Price Reversal. The price is further consolidate between $2.17 and $2.25. If $2.17 cannot hold, it may further test stronger support at $2.13
Weekly Chart- Stage 3 of Market Cycle- Distribution which the price can be volatile. In Medium Term, it is expected to trade between $0.28 and $0.385. A break above $0.405 may Trend Reversal.
Daily Chart- Spining Top formed on 05/08. It may show some weakness but need to wait for the confirmation today. If $0.32 able to hold, it is expected to test $0.36/$0.385. Strong Resistance at $0.405. Any weakness due to profit taking or overbought may find $0.3 as immediate support and strong support at $0.28.
I want to start learning about TA, so started reading about TA basics from the internet. I currently trade using M2U which does not have charting tools. What charting tool, software or website do you recommend/suggest. Thanks for your advise and feedback. Looking forward to discussing TA here in the future!
Posted by profitman > Aug 6, 2014 12:25 AM | Report Abuse
winwinborn - WCT:
Looking bullish after the break out from its rectangle trading pattern. Support is at 2.25, The break out appears to be holding well on 5/8. If it remains above 2.25 over the next 2 trading sessions with volume, then it confirms the validity of the price reversal and it should be testing to break the next resistance at 2.42.
horriefic - you came into the right thread but asked the wrong person. I do not know or use TA but just my years of experience in picking stocks, which may not be agreeable with others.
Nevertheless I am sure ptofitman and the others here will be of assistance.
Inwest88 - just came back. Thanks and congrats to you too on Ijacobs. Keep scaling new highs. So many 3rd liners shares especially ace market shares are hogging the limelight with heavy volume. Can see in front 2 pages. As usual, no chance to buy Kpscb at all.
tsy88 - good for you on IWCity. I sold tekseng today with 1.5 sen gain. Bought KHB WA at se.5 sen in th elate afternoon after seeing its reversal but more importantly it is mentioned by by good e-friend rchi in itchy kaki. Suggest you pop in there to watch out for rchi's picks especially on warrants. He's really good in this area.
Inwest88 - you mean RHB WA? Seldom go into that thread unless very free. Last time, yes, went in frequently to look for your comnents and trades but now no more. Tm832 used to mention Rchi to me too before I got t o know you.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by TechcodeBreaker > 2014-05-18 01:09 | Report Abuse
"Knowledge without discipline is dangerous,discipline without knowledge has little value" 1) We are here to help out any I3 members of their stock TA. If you need help on any stock chart just address us as “Dear TCB..” 2) We encourage traders to buy stocks with a trading plan. Before you buy please have a Stop Loss in case the stocks go against you. 3) We encourage traders to cultivate a winning habit, that is to lock in profits often when the opportunity arises. Be focused. We are here with one purpose only, that is to make money, never let a winning trade become a losing trade. 4) We encourage traders to set a Trailing Stop to protect their profits when riding on a winning trade. 5) We encourage other traders that have TA knowledge to participate and help out others on TA. In this way we all can learn together. 6) We will never recommend any stock in this thread as Buying and Selling is solely your own decision and your own risk. 7) We may post the stocks that we are interested in, together with a TA reading on it for the purpose of sharing. These TA readings are to cultivate habits of 'Discipline' and 'Plan' before trading .